54% agree with $1-B EU bailout fund

3:11 pm | Tuesday, July 10th, 2012

MANILA, Philippines —Many INQUIRER.net readers agree with the Banko Sentral ng Pilipinas’ (BSP) decision to extend a $1 billion loan to the International Monetary Fund as part of a bailout fund for the European Union.

A total of 2,041 respondents, or 54 percent, said they agree with the bank’s decision.

But the informal online poll also showed that 46 percent of respondents, or 1,723, said they do not agree with the BSP’s commitment to contribute to the fund, which the central bank said will be used for the stabilization of the global economy.

A total of 3,764 readers participated in the survey.

Various sectors have opposed the loan saying that the amount should instead be used for local development projects.

But the government defended the proposal, saying this will help overseas Filipino workers in European countries and that the BSP will earn interest from the loan.

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Short URL: http://business.inquirer.net/?p=70184

Tags: Bailout Fund , Banking , BSP , European Union , IMF , International Monetary Fund

http://pulse.yahoo.com/_E3CE56OQVPC4RPYD2NR4VD3SUE Bert

90% of the 54% must be members of Carandang’s Malacanang Communications Group’s on-line brigade……

H_A_B_A_G_A_T

99% of 46% are stupid , utak ipis na mamayan, na isip nila eh epamudmud nalang sa kanila ang pera.
1% of 46& are thsoe politician opposing it cause gusto nila kurakutin.

1B loan is 100% corruption free investment! dahil IMF ang hahawak mga ungas

http://pulse.yahoo.com/_C5AYCYOQI6RUATVTGQO5JDKMZQ Al

I don’t understand filipinos, if they are the one who needs money, they go right away to the world bank or IMF for help to loan them money. Now that their’s a global recession, it’s hard for them to loan the money that will just sit in the Central Bank. Good if this money will not be repaid with interest.

kismaytami

It’s not the Filipinos who go right away to World Bank or IMF. It’s our corrupt government officials, since they want more ca$h to deposit in their bank accounts. Most Filipinos don’t have enough money to live decent lives, but our government officials do.

54% agree with $1-B EU bailout fund

News

Sports

Lifestyle

Entertainment

Business

Technology

Opinion

Global Nation